Reflective Learning Statement

What went well?

My research study was focused on the share price behavior analysis after the
dividend announcement for which I had selected 30 companies across six
industry verticals. Starting from the data collection to data analysis, it was a great
support from my supervisor to make me understand about the topic and related
information to the research study. Successfully I had been developed the
literature and methodology section. Then, it was a great experience in collecting
the share prices and dividend information for each company for 6 years starting
from 2005 to 2010.

What could have been done better?

Since, I have used only correlation, regression and t-test analysis in my data
analysis part. In order to make the research work more effective, first of all the
sample size could have been increased from 30 to 50 or 70 by covering more
than six verticals. Then after some more statistical analysis such as time series
analysis, standard deviation, z-test, variance analysis could have been done for
deeper understanding of the results. Some more hypotheses could have been
tested using tests other than t-test.

What has been learnt?

By conducting this research study, my biggest learning was how the payout
provisions in the company impact on the shareholders’ wealth and what are tools
an investor can undertake to generate cash flow as I have developed regression
lines for each company so that an investor can determine how the share prices
change by putting different dividend values in the equation. In addition to this, the
great learning was the management of huge database, various statistical
analyses and SPSS software management. I can imply these learning into my
professional career which would allow me to broaden the area of knowledge and
sharing it into corporate world. The last experience was writing the research
report along with the analysis and critical evaluation techniques which will help
me in the future career growth.